World's LNG Giant Is Pumping $20 Billion Into U.S. Oil, Gas - Bloomberg

World's LNG Giant Is Pumping $20 Billion Into U.S. Oil, Gas - Bloomberg:

Qatar Petroleum, the world’s biggest seller of liquefied natural gas, is looking to get even larger, investing $20 billion in America’s oil and gas fields at a time when rival U.S. exporters are expanding.

The investments will be made over five years, Chief Executive Officer Saad Sherida al-Kaabi said in an interview with Bloomberg News in Washington. Some of that will likely go toward lining up gas supplies for the Golden Pass LNG export project in Texas, being developed with Exxon Mobil Corp.

Al-Kaabi said Qatar will probably be announcing a deal in the U.S. “before the end of the year,” but he declined to say whether it would involve oil or gas. Qatar is also looking to invest an additional $5 billion in so-called downstream assets, such as chemicals projects, he said.